HomeMarket NewsMicro Cap StocksBarron's Weekend Stock Picks: Truist Financial, Groupon, and NVIDIA's Rising Stock

Barron’s Weekend Stock Picks: Truist Financial, Groupon, and NVIDIA’s Rising Stock

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This weekend, Barron’s covered several top stories that are of interest to investors. Here are the articles you need to read.

Truist Financial Prepares for Activist Investor Interest

In the article “Truist Financial May Be Its Own Activist,” Carleton English discusses how Truist Financial Corp (TFC) is taking steps to address potential activist investor interest. The company plans to sell its insurance stake and reshuffle its board after experiencing missed estimates following a merger. This strategic move aims to regain investor confidence and improve performance.

Wells Fargo’s Wealth Business Sees Positive Earnings

In “Wells Fargo Wealth Profits Slip, but Company Is Still Bullish on Advisory Business,” Kenneth Corbin highlights Wells Fargo & Co (WFC) and its resilience in the wealth business. Despite a decrease in net interest income, the company has managed to improve its earnings. To further enhance efficiency, Wells Fargo plans to reduce its workforce while remaining optimistic about its advisory business.

Groupon’s Stock Shows Potential for Growth

In the article “Groupon Shares Spike. The Stock Could Triple From Here,” Eric J. Savitz examines the recent surge in Groupon’s stock (GRPN). With a “Buy” rating and a $30 target price, analysts anticipate significant revenue growth for the company. This optimistic outlook is fueled by the potential for economic recovery, untapped cash reserves, and asset value.

Novo Nordisk Raises Sales Outlook on Strong Demand

Angela Palumbo reports in “Novo Nordisk Raises Sales Outlook on Soaring Demand for Ozempic and Wegovy” that Novo Nordisk’s stock (NVO) has experienced a boost due to increased sales projections. Strong demand for its products, Ozempic and Wegovy, in the U.S. has prompted the company to raise its 2023 sales and profit outlook. This growth opportunity signifies positive momentum for Novo Nordisk.

NVIDIA’s Accelerated Innovation Drives Stock Potential

Tae Kim discusses NVIDIA Corp’s (NVDA) accelerated innovation in AI chips in the article “NVIDIA Will Release the Best AI Chips Faster. Buy the Stock.” The company’s move towards a one-year product cycle has caught the attention of BofA Global Research, prompting them to reiterate their “Buy” rating and establish a $650 price target for NVIDIA’s stock. This demonstrates the increasing significance of AI technology in the market.

If you’re interested in staying up to date with the latest market trends, these articles are a must-read. Each one provides valuable insights and analysis that can help you make informed investment decisions.

Read Next: Tesla Bear Says EV Prices Imploded As Supply Outpaced Demand, Even As Cathie Wood Paints A Positive Picture Of Innovation Leading To Deflation

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Shutterstock

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